RE:Coming into September Specially RIGHT ! Lol.
100% percent agree with your logic !
What you said about " we could drop a dollar or two ". Is the best and easiest way to describe the risk / reward with a stock that is profitable with debt reduction - full dividend pay out up to $ 50 dollars , and can maintain dividend this for $40 and next $45 WTI - BOE
So 1 or $2 dollars down ...... witch would bring massive support so it would not stay down long if it ever actually did drop a full $2 dollars.
However that downside with a dividend that is mega secure , likely rising nicely even in a middle of the row price scenario for WTI.
And compare that to the 6 to even 10 dollar upside.
This is a very comfy place to enter or add. Things seem to be shaping up nicely with the re-set on stock valuations , and then a re-set on WTI , and at what I think is the beginning of a small recovery in oil prices , we will rise nicely from here , and here begins at $10 plus dollars this time. Re-sets are nice. Let's see how this plays out.!!
Hopefully my grammar is a little better. Funny I don't drink , so no excuse other than you can't fix stupid !!!! Lol.
Love your posts !! Ps ........ I am feeling this way about this sector but honestly I might exit in 3 months. I don't know. I feel very strongly about the next 2 or 3 months. After that I don't have a clue , for me it could be something else I want to invest in ? With rates climbing , there might be a super sweet property deal come around. Like what o saw my parents go through in the early 80's !!
We will see, I am hyper cautious for sure. It's weird times !
Craig